Teekay Offshore Partners Declares Distributions on Series A, B and E Preferred Units
05 November 2019 - 10:59PM
Teekay Offshore GP LLC, the general partner of Teekay Offshore
Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has
declared the following distributions:
Units |
Distribution Period |
Amount (Per Unit) |
Record Date |
Payment Date |
Series A Preferred Units |
August 15, 2019 to November 14, 2019 |
$0.4531 |
November 8, 2019 |
November 15, 2019 |
Series B Preferred Units |
August 15, 2019 to November 14, 2019 |
$0.5313 |
November 8, 2019 |
November 15, 2019 |
Series E Preferred Units |
August 15, 2019 to November 14, 2019 |
$0.5547 |
November 8, 2019 |
November 15, 2019 |
Teekay Offshore’s cash distributions are
reported on Form 1099 for United States tax purposes.
About Teekay Offshore
Teekay Offshore Partners L.P. is a leading
international midstream services provider to the offshore oil
production industry, primarily focused on the ownership and
operation of critical infrastructure assets in offshore oil regions
of the North Sea, Brazil and the East Coast of Canada. Teekay
Offshore has consolidated assets of approximately $5.2 billion,
comprised of 58 offshore assets, including floating production,
storage and offloading (FPSO) units, shuttle tankers (including six
newbuildings), floating storage and offtake (FSO) units,
long-distance towing and offshore installation vessels, and a unit
for maintenance and safety (UMS). The majority of Teekay Offshore’s
fleet is employed on medium-term, stable contracts.
Teekay Offshore's common units and preferred
units trade on the New York Stock Exchange under the symbols "TOO",
"TOO PR A", "TOO PR B" and “TOO PR E”, respectively.
For Investor Relationsenquiries
contact:
Jan Rune Steinsland, Chief Financial Officer Tel: +47 97052533
Website: www.teekayoffshore.com
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